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作者 Taylor, John B
書名 Monetary Policy Rules
出版項 Chicago : University of Chicago Press, 1999
©1999
國際標準書號 9780226791265 (electronic bk.)
9780226791241
book jacket
說明 1 online resource (460 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
系列 National Bureau of Economic Research Studies in Business Cycles ; v.31
National Bureau of Economic Research Studies in Business Cycles
附註 Intro -- Monetary Policy Rules -- Contents -- Acknowledgments -- Introduction -- 1. Performance of Operational Policy Rules in an Estimated Semiclassical Structural Model -- 2. Interest Rate Rules in an Estimated Sticky Price Model -- 3. Policy Rules for Open Economies -- 4. Forward-Looking Rules for Monetary Policy -- 5. Policy Rules for Inflation Targeting -- 6. Robustness of Simple Monetary Policy Rules under Model Uncertainty -- 7. A Historical Analysis of Monetary Policy Rules -- 8. What Should the Monetary Authority Do When Prices Are Sticky? -- 9. Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty -- Contributors -- Author Index -- Subject Index
This timely volume presents the latest thinking on the monetary policy rules and seeks to determine just what types of rules and policy guidelines function best. A unique cooperative research effort that allowed contributors to evaluate different policy rules using their own specific approaches, this collection presents their striking findings on the potential response of interest rates to an array of variables, including alterations in the rates of inflation, unemployment, and exchange. Monetary Policy Rules illustrates that simple policy rules are more robust and more efficient than complex rules with multiple variables. A state-of-the-art appraisal of the fundamental issues facing the Federal Reserve Board and other central banks, Monetary Policy Rules is essential reading for economic analysts and policymakers alike
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
鏈接 Print version: Taylor, John B. Monetary Policy Rules Chicago : University of Chicago Press,c1999 9780226791241
主題 Monetary policy -- Econometric models -- Congresses.;Monetary policy -- United States -- Econometric models -- Congresses
Electronic books
Alt Author Myilibrary,
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